Traders Sell Shares of Visa (V) on Strength (V)

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Investors sold shares of Visa (NYSE:V) on strength during trading on Friday. $106.26 million flowed into the stock on the tick-up and $308.04 million flowed out of the stock on the tick-down, for a money net flow of $201.78 million out of the stock. Of all stocks tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.80 for the day and closed at $135.33

Several analysts recently commented on V shares. Guggenheim restated a “buy” rating and set a $143.00 price target on shares of Visa in a report on Monday, April 9th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Saturday, April 7th. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 target price for the company. in a research note on Thursday, April 5th. ValuEngine upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Argus lifted their target price on shares of Visa from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 27th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $139.09.

The stock has a market capitalization of $274.97 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.94 and a current ratio of 1.94.

Visa (NYSE:V) last announced its earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.10. Visa had a net margin of 48.18% and a return on equity of 33.90%. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Visa’s revenue was up 13.3% compared to the same quarter last year. equities analysts predict that Visa will post 4.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Friday, May 18th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, May 17th. Visa’s dividend payout ratio (DPR) is currently 24.14%.

In other Visa news, SVP James H. Hoffmeister sold 8,423 shares of the business’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $127.67, for a total value of $1,075,364.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 38,500 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $131.33, for a total transaction of $5,056,205.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Timber Creek Capital Management LLC boosted its stake in shares of Visa by 0.6% in the 4th quarter. Timber Creek Capital Management LLC now owns 65,712 shares of the credit-card processor’s stock valued at $7,492,000 after purchasing an additional 405 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Visa by 14.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 3,390 shares of the credit-card processor’s stock worth $387,000 after buying an additional 423 shares in the last quarter. Risk Paradigm Group LLC lifted its position in Visa by 38.0% during the 4th quarter. Risk Paradigm Group LLC now owns 1,561 shares of the credit-card processor’s stock worth $178,000 after buying an additional 430 shares in the last quarter. Eastern Bank lifted its position in Visa by 0.3% during the 4th quarter. Eastern Bank now owns 161,936 shares of the credit-card processor’s stock worth $18,464,000 after buying an additional 435 shares in the last quarter. Finally, Winthrop Advisory Group LLC lifted its position in Visa by 13.8% during the 1st quarter. Winthrop Advisory Group LLC now owns 3,685 shares of the credit-card processor’s stock worth $447,000 after buying an additional 447 shares in the last quarter. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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